Agent Blogs

The lack of global economic turmoil the past few weeks has seen the bond rates rise by approximately 20 basis points. There is some pressure to see a small increase in the fixed mortgage rates. 5 year money continues to the 2.99% - 3.09% range.

We have one lender that will secure 10 year funds at 3.89% both conventionally and high ratio. If you have had any thoughts on securing a 10 year rate, now is a great time to look into it.

If you have a variable rate of any more than prime +.75 or a fixed rate of 4.0% or more, we should explore the merits of refinancing to a lower rate.

Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%
The next meeting of the Bank of Canada is on September 5th, 2012.
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Today's Mortgage Rates...
2 year fixed: 2.49%
3 year fixed: 2.69%
5 year fixed: 2.99%- 3.09%
10 year fixed: 3.89%
5% cash back for down payment: 4.73%
(Rates are subject to change with current market conditions, and E.&O., and O.A.C)
 

If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.

Thank you and have a great weekend!

-Cory Kline (Mortgage Advisor at Neighbourhood DLC, Cory@ndlc.ca or 705-794-1283